TENANCY AGREEMENT

BETWEEN

IGHO OKOTETE
(LANDLORD)
AND
SIR FRANKLIN C. OJUKWU SNR
(TENANT)

DATED THIS DAY OF 20

PREPARED BY:

Omonigho Grace
Kemka Gbasam & Associates
Barrister sand
Solicitors

Rivers State.
grace_omonigho

2nd Floor, No 460 Ikwerre Rd

Rumuokwuta
Port Harcourt,
Tel: 08038842786
E-mail:
@yahoo.co.uk

THIS TENANCY AGREEMENT is made this day of . 20..

BETWEEN
IGHO OKOTETE of Rumuogba Estate Road, Port Harcourt, River State
(hereinafter called THE LANDLORD which expression shall wherever
the context so admits include his heirs, personal legal representatives
and assigns) of the ONE PART.
AND
SIR FRANKLIN C. OJUKWU SNR of Goshen Integrated Supplies
Limited 2nd Floor, 859 Bishop Oluwole Street Victoria Island, Lagos
(hereinafter called THE TENANT which expression shall wherever the
context so admits include his heirs, personal legal representatives and
assigns) of the OTHER PART.

WHEREAS:
1. The Landlord is the owner of a developed property better known
and described as a Four (4) Room Terrace house with One (1) Guest
room and Two (2) Rooms Boys Quarter at 16/18 Kafayat Abdurazak,
Lekki Phase I, Lagos State.
2. At the request of the Tenant, the Landlord has agreed to grant to
the Tenant a tenancy of a Four (4) Room Terrace house with One (1)
Guest room and Two (2) Rooms Boys Quarter, (hereinafter called
The Demised Premises) subject to the terms hereinafter contained.

NOW IT IS HEREBY AGREED AND DECLARED as follows:

In consideration of the rent hereinafter reserved and the performance
of the tenants Covenants hereinafter contained, the Landlord hereby
lets to the tenant ALL THAT Four (4) Room Terrace house with One (1)
Guest room and Two (2) Rooms Boys Quarter in a dwelling house for a
term of one (1) year certain commencing from 1 st of April, 2012 and
terminating on the 31st day of March, 2013 and the Tenant paying
therefore a year rent of N4,500,000.00 (Four Million Five Hundred
Thousand Naira only) net of all taxes, rates, charges and deductions
whatsoever, the sum of N4,500,000.00 (Four Million Five Hundred
Thousand Naira only) net represents the rent for one (1) year having
been paid by the Tenant to the Landlord before the execution of this
Agreement (the receipt whereof the Landlord hereby acknowledges).

TENANT COVENANTS
The Tenant hereby covenants with the Landlord to the intent that the
obligation may continue throughout the term granted as follows:
1. Utility;

To pay, bear, discharge or cause to be paid all electricity, water, telephone tenement and
improvement rates, charges, taxes and assessment imposed or charged on the Demised
Premises or any part thereof and to keep the Landlord indemnified against all damages,
costs and expenses incurred in respect thereof.
Where the Tenant inherits outstanding electricity, bills, the Landlord
shall indemnify the Tenant for the settlement of the bills once it is
brought to the attention of the Landlord or his Agent.
2. Sanitation;
Clearing of soak-away pits shall be done jointly with the other occupiers
of the premises if any, and the Tenant shall replace or bear the cost of
replacement of the broken pipes running from the Tenant flat into the
soak-away pit where it is discovered that the faeces and other wastes
from the Tenants flat block or cause breakage to the main pipe leading
on to the soak-away pits.
3. Decoration;
Immediately before the expiration of the term hereby granted,
(however determined) to paint with good quality paint in workman-likemanner all the wood and other internal parts of the demised premises
previously or usually painted and to grain, varnish, distemper, wash,
stop whiten and colour all such parts as have previously been so dealt
with the best materials to the satisfaction of the Landlord.
4. Inspection;
To permit the Landlord and his servants or agents at all and reasonable
times to enter into, inspect and view the demised premises and any
fixtures and fittings attached thereto.
(a)To execute all the repairs, works, replacements or removal required
within 21 days (or sooner if necessary) after the receipts of such notice
to do so in respect of any breach of covenant, defect, disrepair, removal
of fixtures or unauthorized or addition found upon any inspection to the
satisfaction of the landlord.
(b) To permit the landlord or his agents to carry out repairs and
maintenance works on the demised premises without payment of
compensation for any nuisance, annoyance, inconvenience or damage
that may be caused to the Tenant subject to the landlord (or his agent
so entering) exercising such right in a reasonable manner.
5. Delivery Up of Possession;
At the expiration or earlier determination of the term hereby granted or
at such time as the landlord may recover possession of the demised
premises from the tenant.
(a) To quietly yield up possession of the demised premises together
with all additions and improvements to the demised premises and all

fixtures (other than the Tenants fixtures removable by the tenant)

decorated, repaired, cleaned and kept in accordance with the tenants
covenants contained in the Agreement.
6. Alteration and Installation;
(a) Not without the consent of the landlord to make or permit to be
made any alteration or addition to any part of the demised premises
and in particular but not limited to drilling holes on the walls. Provided
that such holes shall not in any way interfere with the structure of the
demised premises.
(b) Not without the consent of the Landlord to make any other
alteration or any addition to any part of the demised premises and
where consent is given to ensure that any such alteration or addition to
the demised premises shall be carried out by a qualified and competent
contractor.
7. Alienation;
Not to assign, underlet, charge, part with possession, grant licenses or
in any way alienate his interest in the whole or any part of the demised
premises without the written consent of the Landlord.
8. Restrictions Affecting the Use of the Demised Premises;
(a) To use the demised premises for RESIDENTIAL PURPOSE ONLY
(b) Not to store in the demised premises any petrol or other
inflammable, explosive or combustible substances.
(c) Not to do upon the demised premises anything which may be or
reasonably constitute or grow to be a nuisance, annoyance,
disturbance, inconvenience or damage to the Landlord or the occupiers
of adjoining and neighbouring properties.
(d) Not to do anything whereby any policy of insurance on, include or in
any way relating to the demised premises which may be taken out by
the Landlord may become void or voidable or whereby the rate of
premium thereon may be increased.
(e) Not to carry on, on the demised premises or any part thereof, any
illegal or criminal act or business.
9. Agreement Fees
To pay the solicitors fees for the preparation and engrossment of the
tenancy agreement.
10. Claims Made By Third Parties;
To indemnify the Landlord against any claims, proceedings or demands
and the costs and expenses so incurred which may be brought against
the Landlord by any employee, workman, agent or visitor of the tenant
in respect of any incident, loss or damage whatsoever to persons or

property occurring in or upon the demised premises except where such

injury and or damage is strictly attributable to action of the Landlord or
his agents.
11. Surety;
To provide a known surety with proven integrity to indemnify the
Landlord against any claim, demand and loss that may be incurred by
the Landlord in the course of the Tenants tenancy.

LANDLORDS COVENANTS
The Landlord hereby covenants with the tenant as follows:
1. Quiet Enjoyment;
That the tenant performing the tenants covenants contained in this
Agreement may lawfully and peaceably enjoy the demised premises
throughout the term hereby granted without any interruption by the
Landlord or by any person lawfully claiming through, under or in trust
for him.
2. Structural Repairs;
To keep the premises structurally sound, wind up watertight and the
exterior in good and tenantable, decorative repair and condition.
(a) To pay any ground rent reserved in respect of the demised premises
to the appropriate authorities from time to time.
(b) To permit the Tenant to install air-conditioning units and other
tenants fittings upon the demised premises provided that the same
shall be removed at the expiration or sooner determination of the term
hereby created and upon such removal to restore the premises to its
former state prior to such installation or fittings.
(c) To maintain, repair, renew and otherwise keep in good repair and
condition, the building including the roof structure and foundation walls
and fences of the demised premises.
(d) To insure the building subject to such excesses, exclusion or
limitations as the Landlord or his insurers may require in such reputable
insurance reinstatement of the demised premises against loss or
damage by fire, storm, tempest (including lighting, earthquake,
explosion, flood, burst pipes or water tanks or apparatus, impact in
peace time) from aircraft and or articles dropped there from, riots civil
commotion and malicious damage and such other risks against which
the Landlord may from time to time deem necessary to insure.

PROVISO FOR RE-ENTRY

(a) If the Tenant shall at any time fail, neglect to perform or observe any
of the terms and condition of this agreement and where such breach
continues on for more than Thirty (30) days after the Landlord shall
have given a written notice to the Tenant requesting the Tenant to
remedy such a breach, then and in any such case, it shall be lawful for

the Landlord or any person or persons duly authorized by him for that
purpose to re-enter the demised premises or any part thereof in the
name of the whole to recover possession and have peaceful enjoyment
of the demised premises as if this agreement had not been made. The
Tenant shall keep the Landlord at all times hereafter indemnified
against all cost, damages and expenses incurred by the Landlord as a
result of any breach herein contained in the enforcement of this
Agreement.
(b) Re-entry in exercise of the rights contained in this clause shall be
without prejudice to any right of action or remedy of either party hereto
in respect of any antecedent breach of any covenant by the Tenant
contained in this Agreement.

THE LANDLORD AND TENANT FURTHER AGREE THAT;

(a) This Agreement is a sufficient NOTICE TO QUIT to the Tenant to
quit the demised premises at the expiration of this term. The Tenant at
the expiration of the term shall only be entitled to a notice from the
Landlord of the Landlords intention to recover possession of the
demised premises.
(b) Without Prejudice to the foregoing provisions, if at the expiration
of the term hereby granted the tenant (having observed and performed
all the covenants and conditions herein contained) is desirous of
extending the term, he shall be entitled to an option of renewal.
PROVIDED THAT;
(i) The Tenant gives unto the Landlord or his Solicitor a written notice of
his intention to renew the term not later than three (3) months to the
expiration of the current term.
(ii) Where such notice of renewal is given, the Landlord shall have the
option of reviewing the rent to be paid, the terms and conditions of the
new agreement.
(iii) Subject to the parties hereto reaching an agreement on the
reviewed rent (which must be paid within the last three (3) months prior
to the expiration of this term herein granted, failing which the tenant
shall be deemed to have failed to exercise his option to renew) the term
hereby created may be extended for such further terms as the parties
may agree upon.

NOTICE
(a) Any demand or notice to be served on the Tenant hereunder shall be
validly served if delivered to the address of the tenant herein.
(b) Any notice to be served on the Landlord shall be validly served if
delivered to the address of the Landlord herein.

IN WITNESS WHEREOF the parties have hereunto set their hands and
sign the day and year first above written in the manner hereinafter
appearing.

SIGNED by the within-named LANDLORD

.
IGHO OKOTETE
In the presence of:
Name: .
Address: ..
Occupation: .
Signature: .
SIGNED by the within-named TENANT
.
SIR FRANKLIN C. OJUKWU
In the presence of
Name: .
Address: ..
Occupation: .
Signature: .